MTR (00066.HK) is expected to complete the platform renovation project at the Kowloon Station of the Northern Link in the fourth quarter, as planned within the year.

MTR (00066.HK) expects that all procedures for the platform renovation project at the Kwu Tung Station on the Northern Link can be completed in the fourth quarter of this year. The project is scheduled to be topped out within this year, with completion expected in 2027. The project execution manager for Phase 1 of the Northern Link, Robert Toh, revealed that the team anticipates finishing the installation of all glass curtain walls for the platform toward Lok Ma Chau within this month and will gradually start installing the curtain walls for the platform toward Sheung Shui, as well as the platform screen doors for both platforms. Due to the proximity of the screen door installation location to the high-voltage cables inside the railway tunnel, MTR indicates that the engineering team must adhere to strict guidelines during construction to ensure there is no impact on existing railroad facilities, and to coordinate with.

AASTOCKSJul 7 10:31

The high-floor two-bedroom units in "港樓" at Wong Chuk Hang have a price per square foot exceeding 0.0229 million, with the 5B phase in South Island Hong Kong expected to be launched as early as this month.

NEW WORLD DEV (00017.HK) partnered with Empire Group, CSI PROPERTIES (00497.HK), LAI SUN DEV (00488.HK), and MTR (00066.HK) for collaboration in development. Today (4th), the first tower (1B) unit B on the 37th floor at Wong Chuk Hang was sold, with a usable area of 485 square feet, a high-level two-bedroom layout, sold for 11.119 million, with a price per square foot of 22,926 HKD. The project has sold a total of 263 units through the price list, accounting for nearly 94% of the units sold at the listed price. Including units sold through bidding, a total of 353 units have been sold, cashing out over 6.6 billion HKD, with 47 large transactions recorded.

AASTOCKSJul 4 17:38

UBS Group: The trial implementation of the policy for vehicles from Guangdong heading south will directly benefit the retail industry in Hong Kong.

UBS Group released a research report stating that the Hong Kong government will trial the policy of allowing vehicles from Guangdong to enter with a daily quota of 100 reservations. Since these vehicles will enter through the Hong Kong-Zhuhai-Macao Bridge, it is expected to primarily target residents from the western part of the Greater Bay Area, including Zhuhai and Zhongshan, which is believed will bring new customers to Hong Kong. Referring to the fact that one in every five Hong Kong vehicles participates in the northern travel quotas, the bank estimates that the demand for southern entry may be equally strong. UBS Group indicated that currently, travelers entering via the Hong Kong-Zhuhai-Macao Bridge only account for 7% of the total number of Mainland visitors to Hong Kong, significantly lower than the proportions through the High-speed Rail, Lok Ma Chau, Luohu, and Shenzhen Bay, reflecting that the existing sources of tourists are concentrated in the eastern part of the Greater Bay Area and Guangzhou.

AASTOCKSJul 4 10:04

Cushman & Wakefield maintains its forecast of a maximum 9% decline in office rents for the whole year, and expects rental prices for first-tier street shops and dining to remain generally stable in the second half of the year.

RICS Hong Kong's Managing Director, Xiao Lianghui, pointed out that the overall vacancy rate of office buildings in Hong Kong remained stable in the second quarter, recording 19.3%. However, the net absorption decreased by half compared to the previous quarter to 71,400 square feet. At the same time, the large potential supply continues to suppress rent, resulting in a further 1% decrease in overall rent for the second quarter, bringing the cumulative decline for the first half of the year to 3.4%. Xiao Lianghui stated that the amount raised by initial public offerings (IPOs) on the HKEX in the first half of the year reclaimed the top position globally, and with more companies from mainland China listing in Hong Kong, it is expected to further boost sentiment in the office market and drive rental demand in related industries such as banking finance and Professional Services.

AASTOCKSJul 3 15:59

According to Savills, it is expected that the annual fluctuation of property prices in Hong Kong will remain within a range of plus or minus 3%, with a recovery in demand for small and medium-sized properties.

Deloitte's Executive Director and Head of Hong Kong Research, Deng Shuxian, stated that the atmosphere in the residential market continues to improve in the second quarter of this year. As the Hong Kong Interbank Offered Rate (HIBOR) declined and remained at relatively low levels during the quarter, this helps to reduce mortgage and entry costs, providing favorable conditions for buyers to enter the market. At the same time, developers are seizing the opportunity to launch new projects and attract buyers with competitive pricing strategies, which have invigorated the primary market significantly, leading to a continued high overall Volume of residential transactions. According to Deloitte's estimates, the total number of residential sale and purchase agreements in the second quarter is expected to reach approximately 15,900, an increase of about 30% compared to the previous quarter. Looking ahead, despite global uncertainties...

AASTOCKSJul 3 15:57

【Financial Case】Potential responsibilities of family members upon retirement increase.

Hello, I have some questions to ask you: (1) My family members have just started their retirement life. Although they say verbally that they don't need support, I can't help but feel some invisible pressure from this change. What are your thoughts on this? (2) When I buy personal necessities, I acknowledge that they are necessary (such as shoes, headphones, phone), yet I still feel a sense of guilt. I have already purchased relatively inexpensive products; what do you suggest? (3) Continuing from the previous point, with my family members retiring, how should my Asset allocation change? Should I lower the proportion of Bucket 1? Increase the proportion of Bucket 3? (I do not have any Stocks in Bucket 3.)

HK MoneyClubJul 3 10:45